02 July 2006

Vegas, Baby, Vegas!

The Vegas housing market is still a strong growth location, but the high-rise housing segment is cooling slowly. Several projects have been shelved, stalled, scaled-back, and reconsidered. At the same time, Project CityCenter, a Seven Billion dollar is underway by MGM Mirage -- owners of MGM, Mirage, Monte Carlo and Bellagio. Concrete began pouring on June 26th.

Due for completion in '09, it includes a 4,000-room hotel, two 400-room non-gaming hotels, 215 luxury Mandarin residences, 810 loft residences, 1,543 luxury condos in a 50-story ebony tower, and half a million square feet of dining, retail and entertainment.

The projection is that 12,000 permanent jobs are being created within this development. Intrigued by all of this? Contact us here to explore residential purchase financing options for this or any other property in several states.